Price could neither break the resistance 90.27, nor the support 88.96 (which was exactly the lowest price after the issuance of the report), and that is why we spent the whole day in a very tight range. What is worth notice this morning, that the falling trendline from 90.44 on the hourly chart, has many touch points with the price.

And we will adopt it as resistance of the day. Breaking it would give the chance to test another slightly more important line which is the falling trendline from 95.05, currently at 90.29, and if it is broken, then the Dollar would be invited to show how deep its real strength is over a series of resistance areas starting at 90.67 and reaches 91.63. breaking 90.29 means that the line is broken, and the next stop would be 90.67 which is an important stop on the way to the most important stop in these areas 91.63. As for the support, it will stay as it was in yesterday's report 88.96, and if broken the direction would be down to test the important support 88.68, which must hold to prevent another attempt to test 87.97 which survived last week's attempt for a break.

Support:

• 88.96: short-term support.

• 88.68: support area that supported the price twice this month.

• 87.97: Jan 23rd low.

Resistance:

• 89.64: the falling trendline on the hourly chart from 90.44.

• 90.29: the falling trendline on the hourly chart from 95.05.

• 91.12: previous support & resistance area.